Osisko Development announces $225M private placement

Osisko Development (ODV) Corp. announced its intention to offer convertible senior notes due 2031 in an aggregate principal amount of $225.0M in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under U.S. Securities Act of 1933, as amended. Double Zero Capital, an affiliate of the company, has indicated an interest in purchasing up to $50.0M aggregate principal amount of notes in a separate concurrent private placement under Section 4(a)(2) of the Securities Act.